Latest news with #SB219
Associated Press
09-04-2025
- Business
- Associated Press
New Mexico Governor Signs Bill Allowing for Psilocybin Use
'Medical Psilocybin Act' Provides Legal Access to Citizens for the First Time LAS VEGAS, NV / ACCESS Newswire / April 9, 2025 / Hypha Labs, Inc. (OTCQB:FUNI), a pioneer in functional mushroom sciences and the creator of the MicroPearls™ suite of products, is pleased to announce that New Mexico governor Michelle Lujan signed SB 219, the Medical Psilocybin Act, which will establish the third state-legal psilocybin access system in the United States. The Medical Psilocybin Act will provide patients with specific qualifying conditions to obtain the psychedelic and to use it under the guidance of a licensed healthcare provider. 'Today is another watershed event for functional mushrooms and the growing acceptance of their practical use in an array of applications,' stated Hypha Labs Chief Executive Officer, Stone Douglass. 'And it is long overdue.' 'As we embark on our journey to create the first device of its kind which will truly democratize mushroom ingredient production by allowing an individual to produce their desired 'crops' in predictable eight day cycles from the privacy and comfort of home, transformative events like this both affirm our mission and expand our market.' 'We believe as the legislative dominoes fall that other jurisdictions will see the successes in places like New Mexico as a template for their own jurisdictions,' added Douglass. 'We are at a tipping point.' About Hypha Labs, Inc. The company has developed revolutionary, cutting-edge technology focused on new methods of producing the active ingredients found in a wide array of functional mushrooms using its patent-pending mushroom accelerators. The Company is positioning itself to play an important role in the burgeoning Functional Mushroom industry in addition to being a disruptive force in future and emerging mushroom opportunities. Visit us at SAFE HARBOR FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected revenue, contracts, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) and on the OTC Disclosure & News Service (OTCDNS). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC and/or OTCDNS. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and secure construction contracts and the necessary assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC and/or OTCDNS filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business in the construction industry may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time. Words such as 'estimate,' 'project,' 'predict,' 'will,' 'would,' 'should,' 'could,' 'may,' 'might,' 'anticipate,' 'plan,' 'intend,' 'believe,' 'expect,' 'aim,' 'goal,' 'target,' 'objective,' 'likely' or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise. From time to time, the Company may post new and material information on its website or through its social media profiles at the links below: Integrity MediaInc.
Yahoo
18-03-2025
- Health
- Yahoo
Bill could make ‘magic mushrooms' a legal treatment option in New Mexico
SANTA FE, N.M. (KRQE) – So-called 'magic mushrooms' could soon be used to treat patients with certain medical conditions in New Mexico. Bipartisan bill SB 219 which would legalize psilocybin has been moving quickly through the legislative session. Story continues below DWI Scandal: Another BCSO deputy placed on leave in connection to DWI dismissals Entertainment: Visit these 10 iconic film locations in New Mexico Events: What's happening around New Mexico March 14-20 The bill is meant to help people suffering from conditions like PTSD and severe depression. Although the idea is controversial, on Monday it received a lot of support. 'This is another option, that's all this is. It's another option but New Mexicans deserve to have this option,' said Sen. Jeff Steinborn (D-Las Cruces). Giving New Mexicans more ways to improve their health when other traditional medical treatments haven't worked, is what Sen. Steinborn said his bill to legalize psilocybin, the active ingredient in psychedelic mushrooms, is meant to do. 'We have New Mexicans who are suffering with various conditions that are really kind of end runs in some cases, major drug-resistant depression where the pharmaceutical world isn't giving them any relief or they have major major side effects, they need another option,' said Sen. Steinborn. Modeled after programs in Oregon and Colorado, the bipartisan bill would allow the drug to be administered to a patient suffering from conditions including PTSD, severe depression, end-of-life anxiety, and addictions. Patients would be supervised and would only need the treatment once or twice. Lawmakers emphasized this would be for use in medical settings only and would not create psilocybin dispensaries. Supporters spoke during the bill's last committee hearing on Monday. 'By creating a structured regulated program for psilocybin treatment, this bill ensures that patients in New Mexico can safely and legally access the miraculous benefits under medical supervision,' said Denali Wilson, supporter of the bill. 'My psychiatrist had me try psilocybin-assisted therapy, my depression is now completely cured and my life has been saved so I ask you to please support this bill,' said a supporter named Molly who underwent psilocybin treatment. Some committee members expressed concerns about potential negative side effects but sponsors say the risks are low. 'It's a medicine of the mind in a way that has physical manifestations and sure it can be intense and a very very small amount of people could need extra deescalation or whatever from the experience, but by and large the outcome is very safe,' said Sen. Steinborn. The bill passed 8-1 in committee. It now heads to the House floor. If it passes there, it will head to the governor's desk. There are only five days left of the legislative session. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
06-03-2025
- Health
- Yahoo
Bill to allow medical 'magic mushrooms' in New Mexico gets groovy reception from lawmakers
First marijuana, now magic mushrooms. A state known for ending up at the bottom of a long list of rankings could be among the first in the nation to roll out a program for medical use of psilocybin mushrooms, commonly known as magic mushrooms. The Senate Judiciary Committee late Wednesday endorsed Senate Bill 219 on an 8-1 vote. The lone holdout, Sen. Katy Duhigg, D-Albuquerque, praised psilocybin's efficacy. "I am very torn on this because I know that psilocybin has amazing potential for substance use disorder, intractable depression," she said. "I think it's a really important medicine to have available." But Duhigg said one of her brothers, an addiction psychiatrist who has been involved in multiple studies and pilot programs using psilocybin, told her researchers have yet to develop a model for safe medical use. "He worries that if we do this as a state, and it does not have kind of the level of oversight that these projects have now with the federal government, that there's going to be some negative results ... that will set this whole movement back significantly," she said. Despite her words of caution, SB 219 cleared its second committee hearing with a number of amendments and is headed to the Senate floor. Its trip through the Roundhouse doesn't end there, though. If the bill makes it out of the Senate, it still has to go through the House and its committees. Advocates told lawmakers during Wednesday's hearing psilocybin mushrooms are not only life-changing but lifesaving. Crystal C. Romero, a retired master sergeant who served in the New Mexico Army National Guard, said she served with honor, knowing the risks and sacrifices she'd have to make. "But nothing prepared me for the battle within my head," she said, adding she was medically discharged from the military for post-traumatic stress disorder and then attempted suicide. "Had I succeeded, my three daughters would have been handed more than just a folded flag," she said. "They would have inherited my pain." Romero said she "tried everything the VA has had to offer" but still battled relentless suicidal ideation. "It wasn't until I worked with psilocybin under guided care that I found healing," she said. David Glass, an emergency room doctor and active-duty veteran who served multiple tours in Afghanistan and Iraq, said he's witnessed "the devastating impact of mental health crisis" both in the ER room and among his fellow veterans. "I can count on two hands the number of service members I know personally that died in combat. I can count on two hands the number of veterans I know that have committed suicide since taking off the uniform and leaving service," he said. "But now, I can tell you honestly and truthfully that I can now count on more than two hands the number of special operators whose lives have been saved by taking psilocybin through guided therapy in Mexico." Sen. Jeff Steinborn, D-Las Cruces, who is among the sponsors of the bill, said the measure starts with four qualifying conditions: major depressive disorder, substance use disorder, PTSD and end-of-life anxiety. Under the bill, the program would not start until Dec. 31, 2027. "The Department of Health would establish and make rules for everything, from who the qualifying license providers to producers to dosage to medical setting," he said. "Unlike cannabis, this would only be administered in a medical setting. … This would not be like cannabis. There is no car. There is no taking this at home. Very different in that respect." The bill also creates an advisory board and would allow the state's health secretary to add additional qualifying medical conditions "as there's data to support that," Steinborn said. Another sponsor, Sen. Martin Hickey, D-Albuquerque, a retired physician, said the benefits of psilocybin mushrooms would be far-reaching. "This is as important to society as the other fungus that blew in off of a windowsill onto a petri dish with pneumococcal bacteria and we got penicillin," he said. "This is a fungus that in mental health is going to have as dramatic an impact."
Yahoo
13-02-2025
- Business
- Yahoo
Senate Education committee passes different bill requiring schools take cash for events
The Senate Education committee voted 4-3 to pass a bill Thursday morning to require schools accept cash for school-affiliated events. Rapid City Republican Sen. Greg Blanc's Senate Bill 219 is very similar to Valley Springs Republican Rep. John Sjaarda's House Bill 1017, which failed in the House two weeks earlier. SB 219 will be heard in the Senate next week. The bills came as a reaction to the Sioux Falls School District and other local school districts switching to a new system for cashless ticketing with Iowa-based company Bound. More: Sioux Falls School District faces opposition to cashless ticketing system The district said at the time it made the change for 'convenience, enhanced safety, efficiency and environmental impact,' and noted contactless payment has 'become the norm around the country.' Blanc said he brought SB 219 to 'represent all people, especially those who are legitimately being disenfranchised.' He was supported by multiple people who said they were turned away from school events because they wanted to pay with cash, not a credit card. Brandon resident Susan Luschas, and her daughter Soraya Luschas, who open enrolls to attend Lincoln High School, said since the cashless ticketing policy has taken effect, sometimes they're let into events for free, sometimes their cash is taken and they're let in, or sometimes they're turned away from events. Sioux Falls resident Michele Klimek said she tried to work with the Sioux Falls School District office to pay in cash for a ticket for her daughter to attend a high school theater production but said the Instructional Planning Center was unable to provide it and redirected her to the school where the production would take place. Klimek said she spoke with that high school's athletic director, who wrote down her name and the names of people who would join her at the play, and her entry fee was waived. She said she hasn't attended a local school event since because it was a 'hassle for all involved.' Board speaks on cash bill: Superintendent contract, legislation and more: 6 things to know from Monday's school board meetings Fellow Sioux Falls resident Nikki McCormick said she and her husband were recently denied access to Howard Wood Field to watch their son, a junior in the Lincoln High School marching band, march on the field, because they wanted to pay in cash. Spearfish resident Jennifer Baron said she didn't feel comfortable agreeing to the 'privacy and tracking policies' of an out-of-state company like Bound. She said it's an issue when she travels to Sioux Falls for school events, and worried it may affect Rapid City school events in the future. Sam Nelson, lobbyist for the Sioux Falls School District, said one of the proponents who described their experiences with non-admission to an event was actually offered admission free of charge and they refused it. He didn't specify which of the proponents did this. Nelson said SB 219 is an 'attempt to create an issue, and make something bigger than what it really was.' He added it is Sioux Falls' right not to change their policy, and said proponents have made no official request for the board to change its policy. South Dakota High School Activities Association director Dan Swartos told the committee the SDHSAA accepts cash at all its events, like tournaments and championships at the end of each sports season, or for all-state band, jazz band and show choir events. But he said the SDHSAA has considered going cashless because some events have $10,000 to $20,000 in starting cash in the cash box, and cashless systems have fewer opportunities for fraud, he added. HB 1017 failed: South Dakota House fails to pass bill requiring cash for school events. But it could come back He noted the SDHSAA has no control over what kind of ticketing systems larger venues like the Mitchell Corn Palace or Sanford Pentagon use for events, and said SDHSAA events already face competition for those spaces with bigger events. He said he was concerned the bill could lead to the SDHSAA losing out on those venues in the future. Lobbyists with the Greater Sioux Falls Chamber of Commerce and South Dakota Retailers Association said much the same, and questioned on the day of school events at these larger venues, who would be responsible for taking the cash payments. They called it an imposition on private businesses. Heath Larson with Associated School Boards of South Dakota said he opposed the bill from a 'local control perspective,' and asked that the committee let local school boards work through the process and work out any 'bugs' at the local level. This article originally appeared on Sioux Falls Argus Leader: Committee passes new bill requiring schools take cash for events
